The subject property comprises a 3 storey, mid terraced, 17th Century building with Georgian Façade constructed of traditional brickwork with a pitched slate roof. The property benefits from period features such as sash windows to the upper levels and a single glazed timber framed shop window and door to the ground floor.
The building currently comprises a retail shop at ground floor with further retailing / office / storage area to the upper levels.
The property also benefits from rear access via a right of way over a secure car park. For the avoidance of any doubt, the building does not have any allocated car parking but a resident parking permit may be available.
Location
The property is located on Swan Street which is situated in the heart of the historic County Town of Warwick. The property occupies a prime retail spot with the likes of Greggs, Superdrug, Caffe Nero and M&S all close by. Swan Street is a key road linking Jury Street to the Market Square and, as such, benefits from high footfall. There is on-street car parking and public car parks within close proximity.
Accommodation
Ground floor retail area - 605 sq ft (56.22 sq m)
First floor retail area - 181 sq ft (16.08 sq m)
First floor stock room - 210 sq ft (19.05 sq m)
Rear staff accommodation
Second floor front office - 229 sq ft (21.25 sq m)
Rear store room - 150 sq ft (15.09 sq m)
Terms
Services - Mains gas, electricity, water and drainage are all connected to the property.
Planning - Current planning A1 Retail.
The building benefits from a Lawful Development Certificate for proposed retention of A1 Retail on ground floor and part first floor together with a proposed mixed use to convert the remaining area of the first and second floor accommodation to a single apartment (Used Class C3). Planning application number W/17/1982. Local Planning Authority Warwick District Council.
Tenure - The building is to be sold freehold subject to vacant possession of the whole.
Price / Rent - Offers are invited in the region of £400,000 exclusive for the freehold.
Quoting rent - £27,500 per annum exclusive.
VAT - We are advised that he building is not VAT elected.
EPC - The building is Grade II Listed and therefore, does not require an Energy Performance Certificate.
Legal Costs - Each party will be responsible for their own legal costs associated with this transaction.
Specification
- Plus basement stores
- Available with vacant possession
- Subject to Contract